2011 South Dakota Code
Title 9 MUNICIPAL GOVERNMENT
Chapter 38. Municipal Parks And Recreational Facilities
§9-38-69 Special fund for swimming pool revenue bonds--Pledge of income.


SD Codified L § 9-38-69 (through 2011) What's This?

9-38-69. Special fund for swimming pool revenue bonds--Pledge of income. Prior to delivery of any such bonds, the governing body shall by said resolutions create a special fund and appropriate and pledge thereto all gross receipts in respect of rentals, fees, licenses, and other charges however designated, imposed by the municipality for the use or occupancy of swimming pool facilities and of any future additions and betterments thereto or for admission of individuals to the same or any part thereof.

Source: SL 1957, ch 258, § 2; SDC Supp 1960, § 45.24D02.

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